Examlex
A business model describes what a business does, what it sells, and who it sells to.
Accounting Cycle
The collective process of identifying, analyzing, and recording the accounting events of a company.
Post-closing Trial Balance
A trial balance prepared after closing entries are made, used to check the balance of debits and credits have been maintained throughout the period after all closing entries are completed.
Financial Statements
Comprehensively prepared records presenting the financial activities and position of a business, person, or entity.
Work Sheet
A document used by accountants to prepare adjusting entries and to draft a company's financial statements, summarizing all of the ledger account balances.
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